{"id":588214,"date":"2023-08-23T14:00:55","date_gmt":"2023-08-23T12:00:55","guid":{"rendered":"https:\/\/ftmo.com\/?p=588214"},"modified":"2023-08-23T14:04:23","modified_gmt":"2023-08-23T12:04:23","slug":"wait-for-your-profits","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/wait-for-your-profits\/","title":{"rendered":"Wait for your profits"},"content":{"rendered":"
In the next part of our series on successful FTMO Traders, we take a look at two traders whose journey was not as easy as it might seem at first glance. However, their patience and a consistent approach ultimately led to above-average results.<\/em><\/p>\n The first trader may not have the best balance curve in our series, but he certainly has one of the highest percentage returns on his FTMO Account among the traders we reviewed. The curve also shows that for a trader to achieve above-average returns, one does not have to be successful over the entire period and must expect to experience some periods of stagnation or drawdowns. But the important thing is to make the most of the times when things are going well.<\/p>\n <\/p>\n Thanks to his patience at the beginning of the trading period, the trader managed to make a great profit of over 41 000 USD, which is a fantastic result for an account size of 100 000 USD. In this case, the result is further highlighted by the very high level of consistency, which further supports the theory that the trader can simply wait for the right period and not try to make money at any cost. But we would like to remind you once again that such results cannot be taken for granted and are rather an exception.<\/p>\n <\/a><\/p>\n However, not everything is ideal for this trader either, which is reflected in the Maximum Daily Loss value. In this respect, the trader is dangerously close to the limit, exceeding which at the end of the trading period would be a real shame. The trader had no problem with the Maximum Loss.<\/p>\n <\/p>\n Looking at the other stats, we see a fairly good RRR (1.64), and given the result, a success rate of “only” 50% is a bit surprising. However, given the number of trades, it is not surprising, with 236 trades this combination must already be positive. For this number of trades the trader needed one whole month, i.e. 22 trading days. For the specifiednumber of trades, the trader traded 1,554.5 lots, which is approximately 6.6 lots per position. This is perfectly fine for the size of the account.<\/p>\n However, this numbercan be a bit misleading as the trader opened positions up to 20 lots in size on more than one occasion. However, even this volume is not that dangerous given the account size, and the trader did not open multiple positions at the same time based on his short-term approach.<\/p>\n <\/p>\n The trader is one of the intraday traders, sometimes with a tendency to scalping. His trades typically last a few minutes, with almost half of his trades lasting no more than an hour. Only once did the trader hold a trade for more than 24 hours. Interestingly, the trades that lasted the longest are among his most profitable, so it might be worth reconsidering his approach in the future. We positively evaluate the setting of stop loss orders on all trades, the trader was not overly concerned about setting Take Profit orders.<\/p>\n <\/p>\n The range of time intervals in which he opened trades is quite wide for a trader, which may be related to the fact that he traded a fairly wide range of investment instruments. However, most of his trades were made on gold, which has long been one of the most traded instruments at FTMO. Indices tracking US stocks were also popular instruments. Here, he split it quite “fairly” between blue chips (US30.cash) and technology (US100.cash). He tried the rest of the tradeson a few currency pairs and overall we can say that we have nothing to complain about with diversification.<\/p>\n